Business Debt Recovery

Old debts in your business represent “dead money” which could be converted into new cash flow. Statistically, in England, more than 70% of all debts are settled after a formal “letter before action” which requests a debtor to pay within a specified time.

• We do not charge for a letter before action if this does not lead to payment
• We do charge where payment (or part payment) is made, but in most cases this cost can be recovered from the debtor
• Should proceedings for the recovery of the debt be necessary, we charge according to a fixed schedule to keep costs in proportion to the claim. We will go through the procedure, time frame and costs with you in detail in order to assess with you whether this is a debt worth pursuing or one that is better written off